What is a Board Portal?

A board portal is a cloud-based software application that allows directors, executives and other members of the senior leadership team to efficiently collaborate and share information. It also helps in meeting preparation and governance, which allows for better decision-making.

Modern board management software is more secure than file-sharing and email platforms, which could be easily hacked and leak confidential Board materials. It utilizes secure encryption methods as well as multi-factor authentication and high-security data storage for board documents. It is also a way to ensure that only those who have the appropriate permissions are able to access sensitive documents.

Another benefit of a trusted board portal is that it complies with your company’s policies on data retention and records every communication between Board members. This minimizes the risk of legal liability, and can save time and money with the reduction of administrative tasks in the management of documents and board meetings.

A quality board portal should be simple to use, and allow your Board of Directors the freedom to operate as they please. While on the road or at home, they are able to make informed choices and engage in strategic discussions with the help of an intuitive mobile-first system that works with their preferred devices.

It is essential to secure the support of the key stakeholders on your board in order to ensure that your new portal is implemented successfully. It is crucial to include your chief info officer, the person responsible for governance or compliance, and IT advisors at the planning stage to discuss any concerns or questions they may have.

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